1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lutik1710 [3]
2 years ago
9

Suppose that the equilibrium price and quantity for 1 bedroom apartments in Orange County is $2,000 and 250,000 respectively. Wh

at is the most likely outcome from the Orange County Board of Supervisors' implementation of a price ceiling at $2,500 for a 1 bedroom apartment
Business
1 answer:
ad-work [718]2 years ago
8 0

Answer: c. No effect

Explanation:

This is a non-binding price ceiling. A none-binding price ceiling is a price ceiling that is higher than the equilibrium price for a commodity in the market. As a result, there will be no effect on the market.

The reason being that a price ceiling is a price that companies and people are not meant to exceed. If this price is already higher than the equilibrium price, there would be no need to exceed or go below it it so there would be no effect.

You might be interested in
In monopolistic competition, if a firm advertises and effectively raises consumer awareness of its product, it tends toA) lower
raketka [301]

Answer:

B) raise costs and increase demand for its product

Explanation:

A monopolistic competition is when there are many firms operating in an industry. The firms sell differentiated goods and set the market price for their goods and services.

Monopolistic competition engage in advertisement to increase the awareness for their goods.

If advertising is successful , it increases the demand for their goods and services.

Advertising also increases the cost of production.

I hope my answer helps you.

5 0
3 years ago
What should i do when starting a business? (At least one paragraph)
cestrela7 [59]

Answer:

Uhm uhm uhm

Explanation:

uhm uhm uhm….

8 0
2 years ago
J Corporation has two divisions. Division A has a contribution margin of $79,300 and Division B has a contribution margin of $12
Allushta [10]

Answer:

Net income= $98,200

Explanation:

Giving the following information:

Division A:

The contribution margin of $79,300

Division B:

Contribution margin of $126,200.

The total traceable fixed costs are $72,400 and total common fixed costs are $34,900.

<u>To calculate the net operating income, we need to deduct from the combined contribution margin the fixed costs.</u>

<u></u>

Net income= (79,300 + 126,200) - 72,400 - 34,900

Net income= $98,200

7 0
2 years ago
Broze Company makes four products in a single facility. These products have the following unit product costs: Products A B C D D
Tems11 [23]

Omg that's lot sorry I don't know

4 0
3 years ago
Splish Company purchased a computer for $9,920 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life an
BartSMP [9]

Answer:

$2914

Explanation:

The following steps would be taken to determine the answer

1. Calculate depreciation expense given the initial information  

2. calculate the accumulated depreciation by the second year. Accumulated depreciation is sum of depreciation expense

3. subtract the accumulated depreciation from the cost price of the asset. This would give the book value  

4. calculate the depreciation expense using the new information and the book value

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($9,920 - $1240) / 5 =  $1736

Accumulated depreciation = 1736 x 2 = $3472

Book value at the beginning of 2021 = 9920 - 3472 = $6448

Depreciation expense in 2021 = (6448 - 620) / 2 = $2914

5 0
3 years ago
Other questions:
  • Tustin Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 68 Manuf
    7·1 answer
  • What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $51,900 tax
    6·1 answer
  • How does el nino affect the economies of ecuador and peru?
    10·1 answer
  • The Callie Company has provided the following information: Operating expenses were $244,000; Cost of goods sold was $378,000; Ne
    6·1 answer
  • Sharon is thinking about opening a bakery. She knows she wants to set her own hours, reduce her stress and make a profit. But sh
    9·2 answers
  • Osawa, Inc., planned and actually manufactured 260,000 units of its single product in2017 , its first year of operation. Variabl
    15·1 answer
  • Boards Inc. fabricates skateboards that the company sells for $ 37.50 each. Fixed costs for the last 12 months equaled $4,800. F
    14·1 answer
  • An initial license is issued in October of 2015. When must the license be renewed in order to prevent expiration?
    13·1 answer
  • In the Trial Balance:
    5·1 answer
  • the four basic financial statements are: multiple choice income statement, sheet of retained earnings, balance statement, and st
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!